Common use of Interest for Account of Swingline Lender Clause in Contracts

Interest for Account of Swingline Lender. The US Swingline Lender shall be responsible for invoicing the US Borrower for interest on the US Swingline Advances. The Canadian Swingline Lender shall be responsible for invoicing the Canadian Borrower for interest on the Canadian Swingline Advances. Until each Lender funds its Advances or risk participation pursuant to this Section to refinance such Lender’s Applicable Percentage of the applicable Swingline Advances, interest in respect of such Applicable Percentage shall be solely for the account of the Applicable Swingline Lender.

Appears in 4 contracts

Samples: Credit Agreement (Complete Production Services, Inc.), Credit Agreement (Complete Production Services, Inc.), Credit Agreement (Complete Production Services, Inc.)

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Interest for Account of Swingline Lender. The US Swingline Lender shall be responsible for invoicing charge the US Borrower Loan Account, as permitted under Section 2.18, for interest on the US Swingline Advances. The Canadian Swingline Lender shall be responsible for invoicing the Canadian Borrower for interest on the Canadian Swingline Advances. Until each Lender funds its Advances or risk participation pursuant to this Section to refinance such Lender’s Applicable Percentage of the applicable Swingline Advances, interest in respect of such Applicable Percentage shall be solely for the account of the Applicable Swingline Lender.

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

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